This document contains questions about money, credit, and banking in India. It asks about topics like double coincidence of wants, the functions of money, earlier and modern forms of money in India, demand deposits, checks, bank lending activities, the meaning and roles of credit, the main demands for rural credit, collateral, credit terms, cooperative loans, formal and informal lending, the supervision of formal and informal credit, exploitation in informal lending, the importance of affordable credit for development, differences in credit access and costs between rich and poor households, reasons for poor households' dependence on informal credit, self-help groups including their definition, advantages, and why banks lend to poor women, and a short note on Bangladesh's Grameen Bank
This document contains questions about money, credit, and banking in India. It asks about topics like double coincidence of wants, the functions of money, earlier and modern forms of money in India, demand deposits, checks, bank lending activities, the meaning and roles of credit, the main demands for rural credit, collateral, credit terms, cooperative loans, formal and informal lending, the supervision of formal and informal credit, exploitation in informal lending, the importance of affordable credit for development, differences in credit access and costs between rich and poor households, reasons for poor households' dependence on informal credit, self-help groups including their definition, advantages, and why banks lend to poor women, and a short note on Bangladesh's Grameen Bank
This document contains questions about money, credit, and banking in India. It asks about topics like double coincidence of wants, the functions of money, earlier and modern forms of money in India, demand deposits, checks, bank lending activities, the meaning and roles of credit, the main demands for rural credit, collateral, credit terms, cooperative loans, formal and informal lending, the supervision of formal and informal credit, exploitation in informal lending, the importance of affordable credit for development, differences in credit access and costs between rich and poor households, reasons for poor households' dependence on informal credit, self-help groups including their definition, advantages, and why banks lend to poor women, and a short note on Bangladesh's Grameen Bank
2. How does money act as a medium of exchange? (#3) 3. What were the earlier forms of money in India? (3) 4. What are the modern forms of money in India? (#3) 5. Why is money accepted as a medium of exchange? (#3) 6. What are demand deposits? (#3) 7. What is a cheque and what facilities does It provide? (3) 8. Explain the loan activities of banks. (##### 5) 9. What is credit? Explain its positive and negative role. (## 5) 10.What is the main demand for credit in rural areas? (3) 11.What is collateral? (3) 12.What are the terms of credit? (# 3) 13.Explain loans from cooperatives. (5) 14.What are formal and informal sector loans? (3) 15.Who supervises the functioning of formal sources of loan? (### 3) 16.Who supervises the informal credit activities? (3) 17.How are people exploited in informal sector loans? (3) 18.‘Cheap and affordable credit is crucial for the country’s development’---How? (3) 19.‘The rich households are availing cheap credits from formal lenders whereas the poor households have to pay a large amount for borrowing’---Discuss. (5) 20.Why are poor household still dependent on informal sources of credit? (3) 21.What are self-help groups? Explain in detail. (#### 5) 22.What are the advantages of Self-Help Groups [SHG]? (3) 23.Why are banks willing to lend loans to poor women? (3) 24.Write a short note on Grameen bank of Bangladesh.(3)